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With each passing year, more and more people become interested in the world of cryptocurrency. There are countless different cryptocurrencies, and each seeks to fill its own niche. Quantum (Qtum) is one interesting case study, as its taken some of the best features of Bitcoin and Ethereum, but doesn’t intend to directly compete with either. If you want to invest in Quantum for yourself, Rubix makes it easy.
Qtum is a cryptocurrency that incorporates ETH-style smart contracts with Bitcoin’s level of security. However, it’s not aiming to displace either of these industry leaders. Rather, the developers of Quantum have crafted a combination that’s tailor-made for large financial institutions and corporations to use the coin in their operations. With the rising institutional acceptance of cryptocurrency, Qtum’s strategy may pay off in a big way over the next few years.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created Qtum?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade Qtum
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange Qtum using Rubix Swap
With each passing year, more and more people become interested in the world of cryptocurrency. There are countless different cryptocurrencies, and each seeks to fill its own niche. Quantum (Qtum) is one interesting case study, as its taken some of the best features of Bitcoin and Ethereum, but doesn’t intend to directly compete with either. If you want to invest in Quantum for yourself, Rubix makes it easy.
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